JC7USA

JC7USA Updated 

We are short USDCHF, 0.89225 entry As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: - Wave 5 exhaustion on mult timeframes - Overbought StochRSI on 2h - Head and shoulders pattern on 4h (a classic bearish reversal signal) We see a short-term reversal, looking to scalp for 10...

JC7USA Updated 

The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see: Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in...

JC7USA Updated 

As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: AMZN could see a modest correction this December. It's at an all time high, and well into two Wave 5 sequences on the 4h. It's also overbought on an least two oscillators. We see a 5%+ correction to the $215 price range in...

JC7USA

As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: The Schwab U.S. Dividend Equity ETF (SCHD) has recently experienced a downturn, but several factors suggest a near-term upward reversal: Technical Indicators: 1. SCHD's 100-day and 200-day simple moving averages are $27.95 and...

JC7USA

As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: Losing all its spark? Nah. But, we see a correction for TSLA happening this December, starting within the next 1-2 days. Why? - It’s currently bumping into price levels we last saw in 2022, which served as a strong ceiling...

JC7USA Updated 

As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it: 1. Wave 5 exhaustion on mult timeframes 2. Overbought 30m/1h/1D 3. Shooting star candle printed on 1h Analysts note that USDCAD is trading within a rising channel since late September, recently peaking at 1.4178. The bullish...

JC7USA Updated 

The party could continue but a correction is overdue. We're in a distinct Wave 5 move on the 2hr with several key indicators firing. Overbought on multiple oscillators. Additionally, profit-taking from recent XRP gains, driven by optimism around partial legal victories, could add selling pressure. If trading volumes drop, it could amplify the downside move,...

JC7USA Updated 

MATIC looks tired. - Distinct Wave 5 could be ending - Overbought Stoch RSI 8h - Broken down from long-term ascending parallel channel Decreased Network Activity: Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support. Increased Selling Pressure: A rise in...

JC7USA

Despite raised guidance, we see a 10% correction ahead for Salesforce. This doesn't mean it won't experience a next leg up. Near-term short opportunity! Wave 5 ending and overbought. The stock's rapid ascent may have led to overvaluation, making it susceptible to a pullback as investors take profits. We see a 10% reversal to the $320 price range this...

JC7USA

We see a correction happening this December. Why? Primary technical reasons: - Wave 5 on 8h candles - Divergence from Stoch RSI Other reasons: CCL has surged 92% this year. Such rapid gains can sometimes lead to profit-taking by investors, causing short-term price declines. Debt Levels: Carnival carries a significant debt load, a remnant from the pandemic...

JC7USA

One of the easiest reversal moves to anticipate is when anytime the same color candle prints 10+ times in a row. When 9 out of 10 candles in a sequence are green, for example, you'll often see a slight correction, perfect for a scalp. This is what we're seeing here on USDCHF, pointed out by Rev10 indicator. The SMA 200 was also in a downtrend, reinforcing our...

JC7USA

The SPY is due for a pullback. It’s been overextended after a strong rally, with key indicators like RSI showing overbought conditions. Currently in a W5 leg, we're waiting on EV3 or Treverse to fire, as these RevAlerts indicators have shown an excellent track record, as seen on the 8h chart. Additionally, economic uncertainty, rising bond yields, and/or...

JC7USA

Wave 5 trend exhaustion confirmed by EV3 reversal indicator suggests correction down to $13.00 area.

JC7USA

Oversold on multiple time frames Distinct 5 waves done, completed Elliott Wave 5 Selling is diminishing Multiple long signals